Tennant Valuation

Is TNC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TNC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TNC ($108.01) is trading below our estimate of fair value ($136.12)

Significantly Below Fair Value: TNC is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TNC?

Other financial metrics that can be useful for relative valuation.

TNC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA11.3x
PEG Ratio-13.9x

Price to Earnings Ratio vs Peers

How does TNC's PE Ratio compare to its peers?

The above table shows the PE ratio for TNC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.2x
KMT Kennametal
18.3x8.4%US$2.0b
EPAC Enerpac Tool Group
27x16.1%US$2.3b
SXI Standex International
29.5x18.2%US$2.2b
HLIO Helios Technologies
45.8x32.4%US$1.6b
TNC Tennant
18.1x-1.3%US$2.1b

Price-To-Earnings vs Peers: TNC is good value based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (30.2x).


Price to Earnings Ratio vs Industry

How does TNC's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: TNC is good value based on its Price-To-Earnings Ratio (18.1x) compared to the US Machinery industry average (22x).


Price to Earnings Ratio vs Fair Ratio

What is TNC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TNC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.1x
Fair PE Ratio12.2x

Price-To-Earnings vs Fair Ratio: TNC is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TNC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$108.01
US$141.50
+31.0%
1.1%US$143.00US$140.00n/a2
Jul ’25US$97.77
US$141.50
+44.7%
1.1%US$143.00US$140.00n/a2
Jun ’25US$102.66
US$144.33
+40.6%
2.9%US$150.00US$140.00n/a3
May ’25US$114.80
US$137.00
+19.3%
2.6%US$140.00US$132.00n/a3
Apr ’25US$122.92
US$137.00
+11.5%
2.6%US$140.00US$132.00n/a3
Mar ’25US$110.81
US$126.33
+14.0%
7.7%US$140.00US$118.00n/a3
Feb ’25US$96.95
US$110.00
+13.5%
5.3%US$115.00US$100.00n/a4
Jan ’25US$92.69
US$106.75
+15.2%
6.4%US$115.00US$100.00n/a4
Dec ’24US$86.68
US$105.00
+21.1%
6.7%US$115.00US$100.00n/a3
Nov ’24US$79.41
US$105.00
+32.2%
6.7%US$115.00US$100.00n/a3
Oct ’24US$74.15
US$103.33
+39.4%
8.2%US$115.00US$95.00n/a3
Sep ’24US$83.44
US$103.33
+23.8%
8.2%US$115.00US$95.00n/a3
Aug ’24US$80.27
US$91.00
+13.4%
7.1%US$100.00US$85.00n/a3
Jul ’24US$81.11
US$91.00
+12.2%
7.1%US$100.00US$85.00US$97.773
Jun ’24US$74.19
US$91.00
+22.7%
7.1%US$100.00US$85.00US$102.663
May ’24US$80.13
US$91.00
+13.6%
7.1%US$100.00US$85.00US$114.803
Apr ’24US$68.53
US$87.67
+27.9%
8.3%US$98.00US$82.00US$122.923
Mar ’24US$71.52
US$87.67
+22.6%
8.3%US$98.00US$82.00US$110.813
Feb ’24US$70.59
US$83.00
+17.6%
12.8%US$98.00US$75.00US$96.953
Jan ’24US$61.57
US$83.00
+34.8%
12.8%US$98.00US$75.00US$92.693
Dec ’23US$63.93
US$83.00
+29.8%
12.8%US$98.00US$75.00US$86.683
Nov ’23US$58.62
US$83.00
+41.6%
12.8%US$98.00US$75.00US$79.413
Oct ’23US$56.56
US$87.67
+55.0%
6.9%US$96.00US$82.00US$74.153
Sep ’23US$61.33
US$83.50
+36.1%
1.8%US$85.00US$82.00US$83.442
Aug ’23US$67.33
US$83.50
+24.0%
1.8%US$85.00US$82.00US$80.272
Jul ’23US$59.31
US$83.50
+40.8%
1.8%US$85.00US$82.00US$81.112

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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